December 3, 2007 – (HOSTSEARCH.COM) – Managed hosting solutions Provider NaviSite (http://www.navisite.com) has joined the NASDAQ’s (http://www.nasdaq.com/) new Internet Index, it was announced recently. The index follows the performance of key Internet stocks traded on major U.S. stock exchanges.
"We are pleased to have been chosen to be a member of the NASDAQInternet Index that is the benchmark for an important and dynamicsector of the U.S. economy and global innovation," explained NaviSite’s Chief Executive Officer, Mr. Arthur Becker. “The inclusion recognizes not only our leadership position in this sector, but also shows market confidence in our ability to drive growth and innovation in tune with the leaders in this dynamic and fast-growing segment."
With approximately 3,100 companies listed, NASDAQ is the largest U.S. equities exchange, trading more shares daily than any other U.S. market. The Internet Index is a component of NASDAQ'S Financial Products (NFP), which markets and manages NASDAQ indexes as well as providing custom index services to financial organizations.
